Oil spill: $72.5M compensation claims filed

Oil spill: .5M compensation claims filed


SINGAPORE – More than a year after

Singapore’s worst oil spill

in a decade, an international scheme processing compensation for the incident has received 589 claims totalling $72.5 million.

The International Oil Pollution Compensation (IOPC) Funds said that of these, the Singapore Government has filed claims of more than $18.4 million for its response efforts to the incident.

IOPC Funds have approved $2.8 million worth of these claims through the 1992 Fund. The Government’s remaining claims are still being assessed.

The 1992 Fund, established by IOPC Funds, includes pooled resources from parties involved in oil trading that receive certain types of oil via sea transport.

Singapore is a member of IOPC Funds, which are two intergovernmental organisations that provide financial compensation for oil pollution arising from tanker oil spills in member states.

As at Sept 24, 212 out of the 589 claims, amounting to $31.5 million, have been approved, according to an IOPC Funds report published on Sept 30. So far, the 1992 Fund has paid out $26.9 million.

The oil spill on June 14, 2024, occurred after Netherlands-flagged dredging boat Vox Maxima

lost steering control

and hit Singapore-flagged bunker vessel Marine Honour, causing 400 tonnes of oil to leak into the waters near Pasir Panjang Terminal.

The spill spread to the beaches at East Coast Park, Labrador Nature Reserve, Keppel Bay, the Southern Islands and Sentosa.

Several government agencies – the Maritime and Port Authority of Singapore (MPA), National Parks Board (NParks), National Environment Agency and Sentosa Development Corporation (SDC) – undertook clean-up operations. The clean-up lasted over two months and concluded in September 2024.



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